RD calculator
Maturity of a monthly recurring deposit.
Quick answer
An RD calculator estimates recurring deposit maturity when you deposit a fixed amount every month at a guaranteed rate. Enter monthly deposit, rate, and tenure to see total invested and maturity value.
At maturity
₹5,000/month for 24 months at 7%.
- You deposit
- ₹1,20,000
- Interest earned
- ₹8,405
Rates & rules checked on 15 June 2026 · based on FY 2025-26 (AY 2026-27).
What this tells you
A Recurring Deposit lets you deposit a fixed amount every month at a guaranteed FD-like rate. Great for building a savings habit without a lump sum.
How it's calculated
We model the RD as a monthly annuity compounding monthly — a close, slightly conservative match to the quarterly compounding banks use.
Common questions
- RD vs SIP?
- An RD is guaranteed and safe but low-return and taxable. A SIP is market-linked — riskier short-term, but far better for long-term wealth. Use an RD for short goals, a SIP for long ones.
Jargon, explained
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Sources
For general education, not personalised financial advice. Verify current rates and rules before acting — tax laws and interest rates change.